New York Markets After Hours

Genesee & Wyoming reports December carloads growth

MikeMaynard

WASHINGTON (CBS.MW) -- Genesee & Wyoming Inc.
GWR, -0.47%
said its North American traffic increased 19.6 percent in December, to 53,817 carloads, compared to the last month of 2003. Double-digit increases were reported in metals and in pulp and paper, but coal coke and ores set the pace with 34 percent growth in monthly carloads. The short-line and regional freight railroad operator also said North American carloads increased by 21.6 percent for the fourth quarter, to 162,887. The company's Australian carloads traffic increased by 6.3 percent and 4.2 percent for December and the fourth quarter, respectively. Shares of Genesee & Wyoming added 25 cents to close at $26.49 in Wednesday's trading.

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